Business, 28.01.2020 18:41, letdou2670
south carolina corporation has one temporary difference at the end of 2014 that will reverse and cause taxable amounts of $55,000 in 2015, $60,000 in 2016, and $65,000 in 2017. south carolina's pretax financial income for 2014 is $300,000, and the tax rate is 30% for all years. there are no deferred taxes at the beginning of 2014.
instructions
(a)
compute taxable income and income taxes payable for 2014.
(b)
prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2014.
(c)
prepare the income tax expense section of the income statement for 2014, beginning with the line ? income before income taxes.?
Answers: 1
Business, 21.06.2019 23:00, AshlynPlayz45
The monthly payment m of a loan of amount p for y years with an interest rate r can be calculated by the formula: m = p(r/12) 1 â’ (1 + r/12)â’12y calculate the monthly payment and the cummulative total payment for a $100,000 loan with an interest rate of 4.85% if taken out for 10 years, for 11 years, etc., up to a 30 year term. display the results in a three-column table where the first column is the number of years, the second is the monthly payment, and the third is the cummulative total payment. note: use format bank; for this problem. also, remember to represent the interest rate as a decimal (e. g. 0.0485) 2. a torus-shaped water tube is designed to have a volume of 8, 000in3 . the volume of the tube, v , and its surface area, s, are given by: v = 1 4 ď€ 2 (a + b)(b â’ a) 2 s = ď€ 2 (b 2 â’ a 2 ) if a = kb, determine s, a, and b for k = 0.2, 0.3, 0.7. display the results in a table
Answers: 1
south carolina corporation has one temporary difference at the end of 2014 that will reverse and cau...
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